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Central Fund of Canada Ltd up $0.03

Central Fund of Canada Ltd closed up Tuesday by $0.03 or 0.20% to $15.09. Over the last five days, shares have gained 0.40% and 12.11% year to date. Shares have underperformed the S&P TSX by 4.75% during the last year.

About

Central Fund of Canada Limited (Central Fund), incorporated on November 15, 1961, is an investment holding company. The Company’s objective is to provide a secure, convenient,

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low-cost, exchange tradeable investment alternative for investors interested in holding an investment in gold and silver bullion for long-term appreciation.
The Fund's policy is to invest virtually all of its assets in long-term holdings of unencumbered, allocated and segregated gold and silver bullion, and not to speculate with regard to short-term changes in gold and silver prices, thereby providing retail and institutional investors with an ability to hold interests in gold and silver bullion without the associated high transaction and handling costs and inconvenience. Central Fund’s gold and silver bars are segregated, specifically identified by refiner, bar number, fineness and weight, and Canadian Imperial Bank of Commerce (CIBC) carries certain insurance for their custodial business.

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